Ferrari N.V.: Periodic Report on the Buyback Program

Rhea-AI Summary

Ferrari purchases additional common shares as part of share buyback program

Positive

• Ferrari has purchased additional common shares under its share buyback program, totaling approximately Euro 42.3 million
• The total invested consideration for the third tranche of the buyback program is Euro 58.6 million
• The Company currently holds 5.01% of the total issued share capital in treasury

Negative

• None.

Maranello (Italy), August 29, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made during the 2022 Capital Markets Day (the “Third Tranche”), the additional common shares - reported in aggregate form, on a daily basis - on the Euronext Milan (EXM) as follows:

Trading Date (dd/mm/yyyy)	Stock Exchange	Number of common shares purchased	Average price per share excluding fees (€)	Consideration excluding fees   (€)
22/08/2023	EXM	25,494	287.1694	7,321,097.40
24/08/2023	EXM	5,993	287.8372	1,725,008.40
25/08/2023	EXM	10,778	286.8498	3,091,666.70
Total	-	42,265	287.1826	12,137,772.50

(*) translated at the European Central Bank EUR/USD exchange reference rate as of the date of each purchase

Since the announcement of such Third Tranche till August 28, 2023, the total invested consideration has been:

• Euro 58,557,374.50 for No. 202,334 common shares purchased on the EXM;
• USD 33,543,449.97 (Euro 30,450,171.05*) for No. 104,723 common shares purchased on the NYSE.

As of August 28, 2023, the Company held in treasury No. 12,863,163 common shares equal to 5.01% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.

Since July 1, 2022 until August 28, 2023, the Company has purchased a total of 1,938,705 own common shares on EXM and NYSE, including transactions for Sell to Cover, for a total consideration of Euro 448,204,801.08.

A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section (https://www.ferrari.com/en-EN/corporate/buyback-programs).

              
For further information:
Media Relations
tel.: +39 0536 949337
Email: media@ferrari.com

Attachment

• FNV BB PR 29 August 2023 ENG